I spent a few hours this morning reading Warren Buffett’s new 2008 letter to shareholders. Maybe I should be worried the direction my life is taking, but Buffett’s annual letter has become a highlight of the year for me. It’s hard to write about investing in an engaging way (as Monevator subscribers will doubtless confirm) [...]
The Investor
My bet that HSBC (and Standard Chartered) were weathering the crisis better than other UK banks has taken another knock, with the FT revealing today HSBC’s plans to raise £12 billion to shore up its finances. The bad news has long been expected, and the is price down 45% since October 2008. (To think that [...]
I was going to post this yesterday, but creator Jonathan Jarvis’ website was down, presumably under the load of thousands of Wall Street bankers (or their secretaries) desperately clicking to learn where they went so wrong: .
When deciding whether to buy a particular asset, we should also pay attention to the assets we already own. A collection of assets is called a portfolio. By buying and holding assets with different characteristics, we can try to create a portfolio that offers the greatest return for the risk we’re prepared to take. Holding [...]